ECB’s Nagel and the endgame: Near terminal rate, stable for now

<ul><li><p><strong>View on Terminal Rate</strong>:</p><ul><li>Nagel believes the ECB is close to a level considered as the terminal rate.</li><li>Uncertain if the ECB will implement further rate increases.</li></ul></li><li><p><strong>Expectation for ECB Rates</strong>:</p><ul><li>He anticipates that the ECB rates will remain stable for some time.</li><li>There is no concern that the ECB is moving toward a hard landing<br></li></ul></li><li><p><strong>Comments on Inflation</strong>:</p><ul><li>Describes inflation as a "greedy beast."</li><li>Acknowledges the existence of some risk factors that could potentially trigger inflation.</li><li>We will get to our 2% inflation target in the end.</li><li><br></li></ul></li></ul>

This article was written by Greg Michalowski at www.forexlive.com.